Archive for April 25th, 2019

Successful ‘Date-Certain M&A’ of TrueFact, Inc., its assets and intellectual property

Gerbsman Partners is pleased to announce the successful completion of maximizing the value of assets and associated intellectual properties of TrueFact, Inc.

TrueFacet, Inc. is the trusted certified pre-owned marketplace for jewelry and watches online.

Due to market conditions and trends, the board of directors of TrueFacet, Inc. made the strategic decision to maximize the value of the business unit and its intellectual properties.

Gerbsman Partners – led by Steven R. Gerbsman, Principal, Kenneth Hardesty and Dennis Sholl,  members of GP’s Board of Intellectual Capital – provided TrueFacet with financial advisory leadership through its proprietary, ‘Date-Certain M&A Process,’ facilitated the sale of TrueFacet’s business assets and its associated Intellectual Property, and facilitated the closing of the sale.

Specifically, Gerbsman Partners provided leadership to TrueFacet with:

  1. Business consulting and investment banking domain expertise in developing strategic action plans.
  1. Implementing its proprietary ‘Date-Certain M&A Process’ in order to maximize value of assets and intellectual properties.
  1. “Managing and guiding the process” among potential acquirers, lawyers, creditors, advisors, senior lenders, vendors, creditors, Bambeco’s board and management, as well as all stakeholders of interest.


About Gerbsman Partners

Gerbsman Partners focuses on maximizing enterprise value for stakeholders and shareholders in underperforming, undercapitalized and undervalued companies and their intellectual properties. Since 2001, Gerbsman Partners has successfully maximized the values of 107 companies in a wide and diverse spectrum of industries, ranging from technology to medical device/life science to cyber security, to name only a few.*

In the process, GP has successfully restructured/terminated over $810 million of real estate executory contracts and equipment lease/sub-debt obligations, and has assisted in over $2.3 billion of financings, restructurings and M&A transactions.*

Gerbsman Partners has offices and strategic alliances in San Francisco, Orange County, Boston, New York, Washington DC, McLean, VA, Europe and Israel.


*For further information on Gerbsman Partners expertise and industry experience, please request our company profile here.

Read Full Post »